HomeMy WebLinkAbout1548 and shall perform, comply with and abide by each and every the .
stipulations, agreements, conditions and covenants of said promis-
sory note and of this deed, then this deed and the estate hereby
created shall cease and be null and void.
AND the said Mortgagor for itself and its successors, legal
representatives and assigns, hereby covenants and agrees:
1. To pay all and singular the principal and interest and ~
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other sum~' of money payable by virtue of said promissory note and
this deed, or either, promptly on the days respectively the same
severally become due.
2. To pay all and singular the taxes, assessments,.levies,
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liabilities, obligations, and incumbrances of every nature on said
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described property, each and every, and if the same be not promptly j
paid the said Mortgagee, its heirs, legal representatives or assigns,
may at any time pay the same without waiving or affecting the option ~
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to foreclose or any right hereunder, and every payment so made shall ~
bear interest from the date thereof at the rate set forth in said
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promissory note. • ~ ±
3. To pay all and singular the costs, charges and expenses,
including lawyer's fees, reasonabl y incurred or paid at any time by
said Mortgagee, its legal representatives or assigns because of the ,
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failure on the part of the said Mortgagor, its successors, legal rep-
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resentatives or assigns, to perform, comply with and abide by each '
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and every the stipulations, agreements, conditions and covenants of
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I'~ said promissory note and this deed, or either, and every such payment ;
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so made shall bear interest from the date thereof at the rate set s
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; forth in said promissory note.
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` 4. To keep the buildings now or hereafter on said land in- ~
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sured in a sum not less than full insurable value in a company or
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~ companies to be approved by said Mortgagee, its heirs, legal repre- _
sentatives or assigns, and in the event any sum of money becomes
payable under such policy or policies, the Mortgagee, its heirs,
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legal representatives or assigns, shall have the option to receive -
; and apply the same on account of the indebtedness hereby secured or
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_ to permit the Mortgagor to receive and use it_or any part thereof
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